Maxwell K Murphy Scholarship Fund
Maxwell K Murphy Scholarship Fund is a private foundation, based in Concord, NH. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $24K. Net investment income was $610.
Maxwell K Murphy Scholarship Fund at a glance
In short: Maxwell K Murphy Scholarship Fund gave $24K across 2 grants in 2022 (avg $12K), mostly in Maine. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $24,453
- +2447.2% vs 2021
- Grants made (2022)
- 2
- +100.0% vs 2021
- Average grant
- $12,227
- +1173.6% vs 2021
- Median grant
- $12,227
- Primary geography
- Maine (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Maxwell K Murphy Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2022
The largest 2022 recipient was Maine Community Foundation ($23K). Together the top 2 received $24K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 2 itemized grants.
States
Cities
How Maxwell K Murphy Scholarship Fund gives
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $960 (2021) to $24K (2022). In 2022 it made 2 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine Community Foundation Ellsworth, ME | Educational | $23,246 |
| University of Maine - Orono Orono, ME | Educational | $1,207 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $771 | $25,721 | $24,453 | 2 | $25,497 | $610 | $1,371 |
| 2021 | $24,942 | $2,821 | $1,748 | $960 | 1 | $1,568 | $2,626 | $1,498 |
| 2020 | $23,911 | $1,259 | $2,121 | $1,350 | 1 | — | $855 | $1,367 |
Under IRS private-foundation payout rules, Maxwell K Murphy Scholarship Fund reported a distributable amount of $1K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Maxwell K Murphy Scholarship Fund's only listed officer is BAR Harbor Wealth Management, Trustee on the 2022 filing (compensated).
Officers on the 2022 filing
BAR Harbor Wealth Management
Trustee
New on the 2022 filing
1 hr/week
$288 (2022)
Former officers (1)
- Former: Bar Harbor Trust Services (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $288, to Bar Harbor Wealth Management (Trustee).
Frequently asked questions about Maxwell K Murphy Scholarship Fund
How much does Maxwell K Murphy Scholarship Fund give each year?
Maxwell K Murphy Scholarship Fund gave $24K across 2 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $960 across 1 grant.
Where does Maxwell K Murphy Scholarship Fund operate?
Maxwell K Murphy Scholarship Fund has awarded grants in Maine.
How much is Maxwell K Murphy Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Maxwell K Murphy Scholarship Fund reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Maxwell K Murphy Scholarship Fund's EIN?
Maxwell K Murphy Scholarship Fund's EIN (Employer Identification Number) is 01-6029987. IRS Form 990 filing data is available on this page for 2020–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
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